Way too many shares for sale. Tough for this to close over 2 cents. Even with all the good news, the whole company is still valued at less than $7 million.
Here's a suggestion I offered back when the stock was fighting to hold 4 cent support level, and I think it is even a better idea now. lorsch should use his RHL group or form some other holding company or even use mmr itself, fund it with $5 million (this would be no problem for a man of his wealth) and announce he will be buying mmrf shares with that money whenever he sees the stock as undervalued. No one knows better whether or not this company's story is true than lorsch himself. If it is true, he should initiate what I am suggesting here and support the stock to a level that begins to realistically reflect his patent portfolio. A $7 million market cap is a joke and causes any new investors to doubt the whole story.
IMO, it wouldn't take much real buying to move the price signficantly so he would probably only need to use a fraction of the $5 million, but the support would be there. This current penny stock flipping campaign is destined to go nowhere. Come on bob, step up and support your shareholders and yourself. Dilution at .10 or .20 would be much less painful for all involved until the day when all you have promised becomes reality.
AI
